E.U. to Send Ukraine $15B

    Geert Vanden Wijngaert

    One day after the White House announced $1 billion in loan guarantees for Ukraine, the European Union announced Wednesday is is offering the country up to $15 billion in grants and loans. The new government in Kiev has been struggling with a financial crisis since before the unrest. Some $4 billion would be in loan and development grants over the next several years, while $11 billion would come in the form of financing for infrastructure and development projects by European financial institutions. The package would be contingent on IMF reforms. 

    Read it at the Los Angeles Times